Hiring activity in Hyderabad inched up by 3% in July ‘09 as compared to June ‘09: Naukri JobSpeak

Published 24th August 2009

Highlights of Naukri JobSpeak for July ‘09:
 Hiring activity in Hyderabad went up by 3%, the index inched up 643 in June’09 to 662 in July ’09
 On the national level, the Naukri JobSpeak index at 727, is 1.3% up in July ‘09 over June ’09

Hyderabad, Aug 18, 2009: Hiring activity remained stable in Hyderabad over the past few months. According to Naukri JobSpeak, the monthly job index released by Naukri.com, hiring activity in Hyderabad inched up by 3% in July ‘09 as compared to June ’09. The index scaled to 662 in July ‘09 from 643 in June ‘09.

Prominent industries in Hyderabad include IT and ITeS. IT industry remained in the green with hiring activity up by 4% in IT-Software, 7% up in IT-Hardware & Networking and 3% up in ITeS and BPO. Banking and Financial Services was down by 7%, while Insurance was down by 3%. Hiring activity continued to soar in Pharma and Biotech industry, with the index up by 10%

On a national level, the index edged up by 1.3% backed by a slight improvement in hiring activity in IT-Software and BPO industries. The index scaled to 727 in July’09 as compared to 718 in June ‘09.

“Stability in hiring over consecutive months is encouraging. Improvement in hiring activity in lagging industries, such as IT, Real Estate, Retail and Auto, echoes optimism. However, continued increases in hiring activity over the next few months will indicate a turnaround in economic activity and in hiring,” said Sumeet Singh, National Head – Marketing and Communications, Info Edge.

Among other cities, Delhi, Mumbai saw an improvement, while Bangalore, Chennai, Kolkata and Pune saw a dip, in hiring activity. Hiring was up in Pharma, Auto and IT industry. July ’09 witnessed an increase in demand for people with over 8 years of work experience.

Industry Analysis: Hiring activity in the IT industry remained in the green as well as Retail, Real Estate and Auto picked up
Hiring activity remained stable across most industries in July ‘09 as compared to June ‘09. IT industry remained in the green with hiring activity up by 4% in IT-Software, 7% up in IT-Hardware and Networking and 3% up in ITeS and BPO. Hiring activity continued to soar in Pharma and Biotech industry, with the index up by 10%. Indicating some revival, hiring activity in Auto and Auto Ancillary, Real Estate and Retail, went up by 11%, 16% and 10% respectively.

Hiring activity in Telecom saw a dip of 10% in July ‘09 as compared to June ‘09.
Functional Area / Department
Hiring activity was marginally affected across departments in July ‘09 as compared to June ‘09. Sales and Business Development professionals and Accountancy professionals saw hiring activity inch up by 4% and 5% respectively. Hiring went up marginally in IT – Software by 4%. There seemed some emphasis in hiring in Engineering Design: Research and Development where hiring went up by 16%.
On a continued uptrend, demand went up by 2% for hospitality professionals with the index at an all-time high at 1083.

Index of Total Jobs
On Total Jobs(this includes refreshed jobs), the index moved down by 1.8% from 818 in June‘09 to 802 in July ‘09. According to the Total Jobs Index, the index peaked in Sep’08 at 1004 and bottomed in Dec’08 at 739, so far.
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Methodology
Data for calculating the Index has been sourced from Naukri.com and is reflective of the job listings on the site. Jobs have been categorized by location, functional area, and industry. The index has been calculated across cities/ functional area- dept/ industry verticals.

On the basis of job listings added to the site every month, the data shows an increase or decline in the jobs. To calculate the index, job listings added to the site in July 2008 have been taken on a base of 1000. The subsequent months have been indexed with data of July 2008. The report produced monthly shows hiring trends across industry sectors, geography and functional areas. More than 34000 clients use Naukri.com, leading to high reliability of the data.

About Naukri.com
Naukri.com, India’s No. 1 job site and the flagship brand of Info Edge revolutionized the concept of recruitment in India. Since its inception in 1997, Naukri.com has seen exponential growth year after year. Info Edge completed a successful IPO in November 2006 and became the first internet company to list in India.

Naukri.com is a recruitment platform that provides hiring-related services to the corporate/ recruiters, placement agencies and to job seekers in India and overseas. It offers multiple products like Resume Database Access, and Response Management tools and its services include Job Postings, and branding solutions on the site. With 2,00,000 jobs live at any point, Naukri.com serviced over 34000 corporate clients in 2008-2009.

The company has over 1500 people operating through 60 offices in 40 cities in India and overseas offices in Dubai, Riyadh and Bahrain.